Extract from M&A Insights

The below story was originally featured in our daily M&A Insights Newsletter. Selected stories, including this one, are posted to our website with some weeks of delay.
Pumping solutions company Desmi sets sales plans on hold
September 25, 2020
In February, 2020, it became known that owner and CEO Henrik Sørensen (80 pct., 63y) looked to sell the pumping solutions company Desmi preferably to a strategic buyer, but did not exclude future private equity-ownership. In an interview with newspaper Jern & Maskinindustrien, the owner now states that the sales plans are put on hold, having earlier hired Handelsbanken's corporate finance department to conduct a sales analysis. Originally wanting to step down as CEO, Sørensen must see himself lead the company a bit further down the road. Desmi delivered record-breaking financials for FY19 with revenues of DKK 1.55bn (+73% YoY) with EBITDA of DKK 335.2m (+353% YoY).
ⓘ This story was originally featured in our daily M&A Insights newsletter.
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